CARGO / TRANSPORT
|INSURANCE LINES||LEADING UNDERWRITER||CAPACITY||COVERAGE|
|GENERAL SPECIE||QBE Syndicate 1036||USD 5,000,000||USD 5,000,000.00 SECURITIES IN TRANSIT, PAWNSHOPS, SECURITY TRANSPORT COMPANIES|
|FINE ART||W.R. BERKLEY Syndicate 1967||USD 50,000,000||WORKS OF ART, COLLECTIONS, EXHIBITIONS, MUSEUMS, JEWELRY, JEWELRY SHOPS AND JEWELRY TRANSPORT, TERRORISM WITH RESPECT TO THESE RISKS|
|GENERAL CARGO||Watkins Syndicate 457||USD 15,000,000||CARGO BUSINESS, TRANSPORT AND STORAGE|
|THEFT FOR BUSINESS CONTENTS||Argenta Syndicate||USD 4,000,000||BUSINESS INSURANCE (THEFT), IT EXCLUDES RETAIL BUSINESS|
|GENERAL TRANSPORT||AXA||USD 10,000,000||GENERAL TRANSPORT AND STORAGE|
|BROAD CARGO||CATHEDRAL SYNDICATE 3010||USD 150,000,000||SECTION 1: CRUDE OIL TRANSPORT (PIPELINES)|
|BROAD CARGO||CATHEDRAL SYNDICATE 3010||USD 200,000,000||SECTION 2: CRUDE OIL / GASOLINE / GAS AND/OR OTHER PETROLEUM PRODUCTS TRANSPORT|
|BROAD CARGO||CATHEDRAL SYNDICATE 3010||USD 75,000,000||GENERAL TRANSPORT AND STORAGE|
|BROAD CARGO||CATHEDRAL SYNDICATE 3010||USD 75,000,000||FINE ART|
The basic information to apply for this type of risk is:
- Insured´s Name.
- Line of business.
- Origin and destination of the commodities being transported including dates.
- Description details of the items being transported.
- Value of the items being transported.
- Loss rate for the last 5 years.
- Estimated revenue for the current year.
- Revenue of last year.
- Packing details of the cargo or commodities to transport (bulk, 50kg bags, containers, etc.)
- Detailed securities held in transportation of goods.
- Details on the insured’s business experience.
- Limit per shipment and estimated annual mobilization.
- Insurance Rate target ( if they have one ).
Additionally when storage is involved, it is necessary to know the following:
- Type of inventory or commodities.
- Maximum and average values at each location / warehouse.
- Required insured Limits at each location and in the aggregate.
- Security measures at each location.
- When the risk of theft is covered, it is a subjectivity to have a central alarm connected to the police station that is running at all times.
Contact and suggestions
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